Trucking Business News

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Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

GovernmentBusiness

US Manufacturing Gauge Expands at Fastest Pace Since 2018

A measure of U.S. manufacturing expanded in December at the fastest pace in more than two years, bolstered by a pickup in new orders and the strongest growth in production since 2011.

January 5, 2021
BusinessLogistics

Amazon Makes First Aircraft Purchase to Expand Delivery Network

Amazon .com Inc. is buying 11 used Boeing 767-300 planes, the first time the online retail giant has purchased, rather than leased, aircraft for its fast-growing air cargo operation.

January 5, 2021
BusinessLogisticsTop 50

Lineage Logistics Acquires Refrigerated Rail Company Cryo-Trans

Cold-storage specialist Lineage Logistics is branching into rail.

January 5, 2021
GovernmentBusinessFuel

Diesel Continues Upward Trend, Rises 0.5Ā¢ to $2.640

The last days of 2020 and the first few of 2021 continued the same trend, with diesel prices rising nationwide.

January 4, 2021
GovernmentBusinessSafety

Pete Buttigieg Eyes ā€˜Big, Bold’ Infrastructure Plan, Chuck Schumer Says

Advancing a ā€œbig, boldā€ infrastructure policy measure with an emphasis on climate change is a priority for President-elect Joe Biden’s choice to lead the U.S. Department of Transportation, said Senate Minority Leader Chuck Schumer.

January 4, 2021
Business

Pricier Vehicles Seen Driving Rebound in US Auto Market

Demand for higher-priced vehicles from retail buyers at the end of 2020 helped lift U.S. auto sales out of a springtime slump and buffered the impact of a sharp drop in fleet sales to rental car companies.

January 4, 2021
GovernmentBusinessTechnologyLogisticsTop 100

Manufacturers Rethink Supply Chains, Eye Reshoring After Events of 2020

A trade war with China and the disruptive effects of the COVID-19 pandemic have U.S. companies starting to question a decades-old strategy of shifting manufacturing operations to low-cost labor markets in China and other Asian nations.

January 4, 2021
Business

PSA, Fiat to Seal Merger After Winning Shareholder Approval

Fiat Chrysler Automobiles NV and PSA Group will complete their combination later this month after shareholders signed off on a deal that endured two years of drama.

January 4, 2021
BusinessLogisticsTop 50Top 100

XPO Finishes Acquisition of Kuehne + Nagel’s European Logistics

XPO Logistics has completed its acquisition of the majority of Swiss firm Kuehne + Nagel’s European logistics, the company announced Jan. 4.

January 4, 2021
GovernmentBusinessFuel

OPEC+ Meets to Discuss Output Hike, With Saudis Urging Caution

Saudi Arabia urged caution as OPEC+ gathered to discuss whether to hike supply again in February, with many countries wary of undermining a fragile recovery.

January 4, 2021